Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

Gold Tops $1,300/oz As Trade Wars Escalate and Increased Risk of U.S. War With Iran

] * Gold sees safe haven demand push it to highest in one month as it breaches key $1,300/oz and £1,000/oz levels * U.S. China trade wars escalates as China retaliates and imposes tariffs on $60 billion of U.S. goods * Increased risk of war in Middle East after U.S. alleges Iran bombed Saudi oil … Read more

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

Gold Hits 10 Week High At $1,328/oz as Trade Wars Spur Safe Haven Demand

] Gold has consolidated on yesterday’s gains and is marginally higher as risk aversion creeps back into markets. Gold rose 1.5% yesterday to its highest level in more than three months. Gold in USD – 1 week (GoldCore.com) Concerns that trade wars look set to escalate globally and fears that President Trump’s threat of tariffs … Read more

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

Silver Gains 1.8% To $17.36 As Stocks Sell Off On Trade Wars, Argentina and Hong Kong Risks

] * Major stock markets globally fell for a third straight day today * Fears about a deepening and global trade war, protests in Hong Kong and a crash in Argentina’s peso currency led to safe haven demand for bonds, gold and silver * Silver went above a 1 and half year high climbing 1.8% … Read more

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

Gold At 2013 Highs Of $1,523/oz As Trump Calls The Fed “Clueless” and “Crazy” and Links Trade Wars to Hong Kong

] * Gold prices consolidated today, after gold gained nearly 1% yesterday on safe-haven buying as stocks globally fell yesterday and today. * The historic drop in long-term U.S. bond yields could portend a global recession which is impacting risk assets and seeing investors diversify into gold. * China has curbed gold imports according to … Read more

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

China’s Central Bank Buys 100 Tons Of Gold As Trade and Dollar Tensions With U.S. Escalate

] ◆ China has added more than 100 tons of gold bullion bars to its gold reserves since it resumed buying in December; China’s gold holdings rose to 62.64m ounces in September, an increase of 190,000 ounces in one month ◆ The People’s Bank of China (PBOC) increased it’s gold reserves for a 10th straight … Read more

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

Trump Pumps Market With Trade Talks, Stocks Move Higher, Gold Lower

] Sue Trinh, Managing Director of global macro strategy at Manulife Investment Management, speaking on Bloomberg. She had some interesting comments regarding the current market structure, in the shadow of the FED, which is expected to drop rates yet again. Ms Trinh sees boosts in asset prices not translating into any real uptick in the … Read more

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

Gold Futures Fall On Trade Deal Hopes; Central Banks of China, Russia, Turkey Buy Gold Bullion

] NEWS and COMMENTARY Gold falls as trade-deal uncertainty cuts safe-haven demand China says it has agreed with the US to cancel existing trade tariffs in phases BOJ to continue massive monetary stimulus to hit 2% inflation Dow futures jump 100 points after China and US reportedly agree to remove existing tariffs Syria is lost, … Read more